BLOGS

Summer is almost here, and your children may be looking for a summer job. The standard deduction for single individuals increased from...

Several years ago, when Congress changed the tax-rate structure for C corporations to a flat rate of 21% instead of the former graduated...

Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS...

Thieves use taxpayers’ natural fear of the IRS and other government entities to ply their scams, including e-mail and phone scams, to...

Your 401(k), IRA or other retirement accounts may be a tempting source for cash if you find yourself short of funds or have a major...

If you have borrowed funds to finance your college education or that of your spouse or children, it is important that you understand that...

The most recent data from the IRS on individual tax returns indicates that of 131 million returns filed, about 5 million were expected to...

It's a common question: How long must taxpayers keep copies of their income tax returns and supporting documents? Generally, individuals...

There are a lot of perfectly reasonable reasons for not having filed your income taxes. Many people who fail to file are new to the job...

If you aren’t one of those lucky Americans who get a tax refund from the IRS, you might be wondering about your options for paying off...

When it comes to transactions between family members, the tax laws are frequently overlooked, if not outright trampled upon. The...

There are both opportunities and pitfalls for IRA owners, and while you definitely don’t want to get caught up in a pitfall, you may want...

For tax purposes, the term “basis” refers to the monetary value used to measure a gain or loss. For instance, if you purchase shares of a...

My family and culture are a big part of my life, and this year, we performed a Mundan ceremony for my son in India. Mundan, called...

With inflation on the rise and medical care costs escalating, what options do seniors have for keeping up, especially if they have a...

When discussing taxes, reading tax-related articles or instructions one needs to understand the lingo and acronyms used by tax...

One of the fallouts of the COVID-19 pandemic is that millions of people have dropped out of the workforce, particularly female workers...

If you filed your 2021 federal return and expect a refund, you can check the status of your refund on either your IRS Online Account or...

Some in Congress have proposed “free” (i.e., government-paid) tuition for community college attendance. Even if that proposal were to...

Married taxpayers have two options when filing their 1040 or 1040-SR tax returns. The first and most frequently used filing status is...